1551 E Olive ST, Palatine, IL 60074
1551 E Olive ST, Palatine, IL 60074
1551 E Olive ST, Palatine, IL 60074
1551 E Olive ST, Palatine, IL 60074
1551 E Olive ST, Palatine, IL 60074
1551 E Olive ST, Palatine, IL 60074

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Additional details
Goran Utvic

Goran Utvic

+1(773) 273-9155
$ 949,000
Est. payment | /mo

5 Beds

3.5 Baths

4,119 SqFt

Save
$ 949,000
Est. payment | /mo
Save

5 Beds

3.5 Baths

4,119 SqFt

Key Details

Property Type Single Family Home

Sub Type Detached Single

Listing Status Active

Purchase Type For Sale

Square Footage 4,119 sqft

Price per Sqft $230

MLS Listing ID 12632902

Bedrooms 5

Full Baths 3

Half Baths 1

Year Built 2014

Annual Tax Amount $20,920

Tax Year 2024

Lot Size 0.321 Acres

Lot Dimensions 13967

Property Sub-Type Detached Single

Property Description

Stunning, move-in-ready luxury meets exceptional space and design in this beautifully updated Palatine home offering over 4,000 square feet of refined living. Perfectly situated on a premium third-acre lot, this 5-bedroom, 3.5-bath home delivers the ideal blend of space, functionality, and modern style. Step inside to a true open-concept layout featuring a formal living room, dining room, private main-level office, and a warm, inviting family room anchored by a fireplace. The heart of the home is the stunning kitchen, complete with rich cabinetry, quartz countertops, stainless steel appliances including double wall ovens, a cooktop with hood, a large island with seating and storage, a walk-in pantry, and a bright eating area that flows seamlessly into the family room-perfect for everyday living and effortless entertaining. A first-floor laundry room adds convenience. Upstairs, the expansive primary suite offers a private sitting area, a large walk-in closet, and a spa-like en suite bath with dual vanities, a soaking tub, and separate shower. The additional bedrooms are generously sized and well-positioned for family, guests, or flexible work-from-home needs. The full unfinished basement provides incredible potential for future living space, recreation, or storage. Car enthusiasts, hobbyists, and golf lovers will appreciate the expanded 3-car tandem garage-offering exceptional space for storage, a workshop, or even a golf simulator setup. Additional parking pad. NEW: Roof and gutters.Step outside to a massive maintenance-free deck overlooking the backyard-ideal for relaxing or hosting gatherings. Perfectly positioned in an unbeatable location, this home offers convenient access to shopping, dining, entertainment, major expressways, Metra Station, Twin Lakes Park, Salt Creek Park District Child Care, and the highly sought-after Twin Lakes Recreation Area. Even more exciting, you're within walking distance to the proposed Chicago Bears stadium and surrounding redevelopment district-bringing future growth, energy, and long-term value right to your doorstep. This is a rare opportunity to own not just a beautiful home, but a prime piece of one of Palatine's most dynamic and evolving areas.

Location

State IL

County Cook

Area Palatine

Body of Water MORTON

Rooms

Basement Unfinished, Full

Interior

Interior Features Walk-In Closet(s)

Heating Natural Gas, Forced Air

Cooling Central Air

Flooring Hardwood

Fireplaces Number 1

Equipment Ceiling Fan(s), Sump Pump

Fireplace Y

Appliance Range, Dishwasher, Refrigerator

Laundry Main Level, In Unit

Exterior

Garage Spaces 3.0

Roof Type Asphalt

Building

Dwelling Type Detached Single

Building Description Brick,Cedar, No

Sewer Public Sewer

Water Public

Level or Stories 2 Stories

Structure Type Brick,Cedar

New Construction false

Schools

Elementary Schools Jane Addams Elementary School

Middle Schools Winston Campus Middle School

High Schools Palatine High School

School District 15 , 15, 211

Others

HOA Fee Include None

Ownership Fee Simple

Special Listing Condition None

Midwest Real Estate Data (MRED) IDX
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Sarah Leonard of  Legacy Properties, A Sarah Leonard Company, LLC 

Nearby Locations

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Goran Utvic
Goran Utvic

Real Estate Broker/Construction Consultant

+1(773) 273-9155 | sold@myhouseisworth.info

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1551 E Olive ST